Comment by gusgus01
6 months ago
California is not a great example, since they pay out to the Fed so much more than they receive, so that infusion isn't really an infusion when you consider the overall budgets.
6 months ago
California is not a great example, since they pay out to the Fed so much more than they receive, so that infusion isn't really an infusion when you consider the overall budgets.
Nit: "the Fed" means the Federal Reserve Bank, which does not collect taxes. "The US treasury", "the Federal government" or "Fedgov" would work in your sentence.
It was supposed to be "the feds", short for "the federal government", but missing the s led to autocorrect on my phone correcting it to "the Fed". I can't edit it now, luckily I think the message is still pretty clear.